Tag: Guido Mantega

• Saturday, November 22nd 2014 - 06:07 UTC

  Rousseff expected to announce proven fiscal hawk as Finance minister

  

  Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.

• Wednesday, November 12th 2014 - 06:38 UTC

  Rousseff tells Congress it will miss the fiscal target; resigning minister calls for a “shock of credibility”

  

  Brazilian President Dilma Rousseff on Tuesday asked Congress to allow the government to deduct all of its investments and tax exemptions from a key 2014 fiscal target, effectively lowering a goal that it will miss for the third straight year.

• Tuesday, November 4th 2014 - 04:53 UTC

  Bankers' names for Finance minister in Rousseff's next government

  

  Brazilian banker Luiz Carlos Trabuco Cappi, president of Bradesco, turned down an invitation from president Dilma Rousseff to occupy the Finance ministry as of next January first. According to the Sao Paulo financial publication Valor, there was no insistence on the issue from political sources.

• Tuesday, October 28th 2014 - 06:47 UTC

  Brazil's markets react negatively to Rousseff's re-election; waiting for new finance minister name

  

  A sharp drop in Brazil’s financial markets signalled investors are unsure whether the newly re-elected President Dilma Rousseff will take the necessary steps to reinvigorate the country’s stalled economy.

• Tuesday, September 30th 2014 - 04:55 UTC

  Brazil will give exporters 3% tax refunds to help struggling businesses

  

  The Brazilian government will offer tax rebates for exporters beginning in October, Finance Minister Guido Mantega said on Monday, in the latest measure to help struggling businesses just days ahead of a presidential election.

• Tuesday, September 30th 2014 - 04:40 UTC

  Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election

  

  Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.

• Wednesday, September 17th 2014 - 04:20 UTC

  Mantega announces yet another stimulus package for Brazil's economy

  

  Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.

• Tuesday, September 9th 2014 - 03:27 UTC

  Dilma confirms Finance minister Mantega is stepping down in October

  

  President of Brazil Dilma Rousseff has affirmed that current Finance minister Guido Mantega will not carry on in his post should the Workers' Party (PT) candidate win a second term as head of state in October's presidential elections.

• Monday, September 8th 2014 - 05:56 UTC

  Dilma pledges new economic policy and team if she wins: bye, bye Mantega

  

  Brazil’s President Dilma Rousseff has hinted that if re-elected next month, she would not reappoint Finance Minister Guido Mantega. When reporters in Fortaleza asked Rousseff about Mantega’s role if she were re-elected, she responded that, “A new election means a new government, a new team.”

• Saturday, August 30th 2014 - 10:53 UTC

  Brazil in recession; Minister Mantega blames external factors and World Cup

  

  Brazil has fallen into recession, further weakening President Dilma Rousseff, just weeks before voting in what will be a tough re-election battle. Brazil's national statistics institute said Friday GDP shrank 0.6% in the second quarter and revised an initially positive first quarter growth estimate down to -0.2 percent.